International

Saturday, August 11th 2012 - 10:36 UTC
Bad day for vulture fund that was after 100 million dollars from Congo

Britain’s Privy Council has ruled that a “vulture fund” cannot collect 100 million dollars from the Democratic Republic of Congo. Newsnight revealed last year that old Congo debts had been illegally sold to FG Hemisphere for 3 million and the fund had then sued in Jersey where they were awarded 100 million.
Saturday, August 11th 2012 - 10:28 UTC
“Amazonas”, first of three ocean patrol vessels built for Brazil leaves UK

Amazonas, the first of three BAE Systems built Ocean Patrol Vessels being delivered the Brazilian Navy, departed the UK for Rio de Janeiro this week after her crew completed a rigorous program of Flag Officer Sea Training with the Royal Navy off the South coast of England
Saturday, August 11th 2012 - 10:23 UTC
Brazil signs contract for the purchase of wheeled armour personnel carriers

The Brazilian Army and Iveco signed this week a contract for the purchase of 86 VBTP MR wheeled armoured personnel carriers known as Guarani. President of Iveco Latin America, Marco Mazzu, said that he was proud to participate in the “renaissance of the defence industry in Brazil”.
Saturday, August 11th 2012 - 10:13 UTC
Attractiveness Survey shows foreign investors remain with great interest in Brazil

A stable economy, a burgeoning domestic market and huge untapped reserves of natural resources have led foreign investors to become increasingly interested in Brazil as an investment destination although there are challenges to sustaining this attractiveness according to Ernst & Young's first annual Brazilian Attractiveness Survey.
Friday, August 10th 2012 - 19:52 UTC
Olympics Excitement in the Falkland Islands

The visit of one of the 8000 London 2012 Olympic torches to the Falklands has added to the excitement felt in the Islands for the London Olympics.
Friday, August 10th 2012 - 08:27 UTC
Toyota opens third plant in Brazil and announces engine plant

Toyota from Japan has inaugurated its third plant in Brazil that aims to produce 70,000 cars a year. The facility, located 90 kilometres west of Sao Paulo in Sorocaba, will begin producing Etios compact cars next month, with engines imported from Japan.
Friday, August 10th 2012 - 07:35 UTC
FAO warns countries against a repeat of the 2007/08 food prices crisis

The world could face a food crisis of the kind seen in 2007/08 if countries restrict exports on concerns about a drought-fuelled grain price rally, the UN food agency FAO warned, after reporting a surge in global food prices in July.
Friday, August 10th 2012 - 07:16 UTC
Volcanic pumice mass, size of Belgium floating off the coast of New Zealand

A mass of small volcanic rocks nearly the size of Belgium has been discovered floating off the coast of New Zealand, reports the Auckland media. The stretch of golf-ball-size pumice rocks was first spotted this week by a New Zealand air force plane about 1,000 kilometres northwest of Auckland.
Thursday, August 9th 2012 - 06:08 UTC
New Zealand launches program for high quality marbled beef off grass

The New Zealand government announced last week it will be supporting a program to produce high-quality marbled beef off grass, by combining specific high-marbling genetics with the country’s strengths in pastoral agriculture, according to Joe Burke from the Meat Division of Bord Bia-Irish Food Board.
Thursday, August 9th 2012 - 01:34 UTC
Falklands’ oil explorer says deal with US company is “not politically motivated”

The Chief Executive of Falkland Oil and Gas Ltd, FOGL, has said that its farm out agreement with Texas based US firm Noble Energy is not “politically motivated”, according to a report by the Daily Telegraph.